Page 5 - Finance Sector

Fast-tracking of status on cryptocurrency assets may be in works

India, like many other countries, is currently not FATF-compliant on crypto assets

FSDC stresses on the need to monitor India's financial sector risks

Meeting discusses that it's endeavour of regulators to ensure incidents like the NSE colocation scam don't repeat and there are better ways to deal with the fallout

State Bank of India may sell Rs 4,000 crore tier-2 bond next week

Canara Bank raised Rs 2,000 crore worth of AT1 bonds at a rate of 7.99 per cent, taking its total issuance of such bonds so far in the year to Rs 4,000 crore

NMIMS MBA 2023 programme registration process begins; check details here

NMIMS MBA 2023 registration process begins. Candidates who wish to apply can visit the official website- nmat.nmims.in

Cryptocurrency and bitcoin price on 12 Sept: BTC grows over 2%

Cryptocurrency and Bitcoin price today, 12 Sept: Bitcoin and Ethereum price rises. Read this detailed report on the updated prices of BTC, ETH and other cryptocurrencies

Financial inclusion through fintechs

By helping to eliminate information asymmetry across the user journey, fintech has made the equitable distribution of financial services easier. This ensures better inclusivity.

Infra lending gains traction, but may see gradual growth going forward

Lenders are waiting for clear demand patterns to emerge and policy stability, say analysts

Harsha Engineers IPO to open Sep 14, price band Rs 314-330 a share

Fresh fund raise Rs 455 crore, secondary share sale Rs 300 crore; company eyeing Rs 3,000 crore valuation; firm makes brass, steel and polyamide cages and stamped components

Crypto weekly wrap: Despite gains, experts want investors to wait and watch

Ahead of much anticipated "Merge" Ethereum will be on the radar of the investors, however, it may not perform as good as it is expected to, experts said

Blind adoption of new fintech could have an adverse impact: RBI ED

The new tech will bring a lot of benefit but can also bring some significant potential for disruption in the future of finance, says ED

Top public sector banks may soon end wait on trade settlement in rupee

Finance ministry to meet stakeholders on Wednesday

Markets log 3rd highest monthly FPI inflows since Covid outbreak in August

Foreign investors pump in Rs 51,000 cr; near-term flows to hinge on rupee, bond movements

Ministry of Finance reviews performance of PSBs, pushes for credit growth

The govt reportedly said that it was keen on National Asset Reconstruction Company of India Ltd (NARCL) starting its operation

Credit cards gain more currency pipping debit cards for e-commerce

They overtake debit cards for e-commerce and bill payments but remain a minuscule portion of personal loans

Finance Ministry to review credit flow in meeting with PSBs today

The department will also take stock of the banks' asset quality, and focus on large bad loans, implementation of the Centre's various schemes, and the lenders' plan to raise capital

Centre may revamp framework for setting state-owned banks' targets

New framework could be on lines of earlier 'Statement of Intent' used to fix annual targets, will monitor performance on parameters such as return on assets, NPA, financial inclusion initiatives

Public versus private banks: The case made for both in an RBI paper

Far from arguing against privatisation, the RBI paper attracting Opposition ire presents the pros and cons of both ownership structures

Surplus parked with RBI falls below Rs 1 trillion as liquidity shrinks

RBI's forex moves, strong credit off-take lead to faster liquidity decline

India poised to become next global SaaS capital, says EY-CII study

According to a study by EY and CII titled "India: The next global SaaS capital", India is poised to become the next SaaS capital over the next few years

Ports ministry to recast Mormugao monetisation tender to attract more bids

The project is part of the national monetisation pipeline, which is expected to yield Rs 6 trillion by 2024-25